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Reading: Nobel laureate Muhammad Yunus, Bangladesh’s new chief, blasts COP29 as a ‘fish market’ as international locations haggle for local weather funds
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The Texas Reporter > Blog > Business > Nobel laureate Muhammad Yunus, Bangladesh’s new chief, blasts COP29 as a ‘fish market’ as international locations haggle for local weather funds
Business

Nobel laureate Muhammad Yunus, Bangladesh’s new chief, blasts COP29 as a ‘fish market’ as international locations haggle for local weather funds

Editorial Board
Editorial Board Published November 13, 2024
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Nobel laureate Muhammad Yunus, Bangladesh’s new chief, blasts COP29 as a ‘fish market’ as international locations haggle for local weather funds
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Nobel laureate Muhammad Yunus, Bangladesh’s new chief, blasts COP29 as a ‘fish market’ as international locations haggle for local weather funds

Within the three months since changing into Bangladesh’s interim chief following a student-led revolution, Muhammad Yunus has endured political turmoil, impatient cries for elections, and harmful flooding throughout the low-lying nation.

Now, the Nobel Peace Prize winner has been thrust right into a brawl over cash to assist poorer international locations take care of local weather change—and he isn’t happy about it.

The 84-year-old micro-finance pioneer, who took over after the toppling of autocratic chief Sheikh Hasina in August, likened the haggling on the UN COP29 local weather summit to a “fish market”.

“I think that’s very humiliating, for nations to come and ask for money to fix…[the] problem that others caused for them,” Yunus advised AFP in an interview in Azerbaijan, which is internet hosting the talks.

“Why should we be dragged here to negotiate? You know the problem.”

Nations hope to land a deal at COP29 that reinforces funding for local weather motion in growing nations like Bangladesh, that are least accountable for world warming, however most at its mercy.

Some need $1 trillion a 12 months to cowl the large price of shifting their economies to scrub vitality, and adapting to ever-more erratic and excessive climate.

However wealthy international locations—whose rise to prosperity and related carbon emissions have pushed world warming—are reluctant to commit such massive sums and wish others to chip in.

The talks have hit a wall, irritating leaders of climate-imperilled nations who left behind populations in dire straits to journey to Baku.

Amongst them is Yunus, who stated his riverine homeland had been smashed by six punishing floods—”every one worse than the earlier”—within the quick time since he took over.

Tons of of hundreds of individuals have been compelled into emergency shelters within the floods, which additionally destroyed rice crops.

‘You figure it out’

Bangladesh is among the many world’s most weak nations to local weather change, with massive areas made up of deltas the place the Ganges and the Brahmaputra rivers wind in the direction of the ocean.

The nation of 170 million is especially prone to devastating floods and cyclones—disasters that solely stand to speed up because the planet retains warming.

Yunus stated it was “not a secret” that wealthy nations must assist poorer ones adapt and they need to “figure out how much is needed—not me”.

“This is not something we are demanding out of your generosity. We’re asking because you are the cause of this problem,” he stated bluntly.

Yunus stated juggling a peaceable democratic transition and a floods response was “difficult” sufficient and including a flight to Baku to feud over local weather finance didn’t assist.

Impatience for elections in Bangladesh has gained tempo since Hasina’s ouster, and the silver-haired technocrat stated he shared issues for peace and safety within the nation of 170 million.

A free and truthful vote would come as promised, he stated, however the pace of democratic reforms “will decide how quick the election will be”.

He wouldn’t supply a date or timeline, however stated the caretaker administration hoped to construct “a quick consensus”.

“We are the interim government, so our period should be as short as possible,” he stated.

TAGGED:BangladeshsblastsclimateCOP29countriesFishfundshagglelaureateleaderMarketMuhammadNobelYunus
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